Out of PMs & back into UK property?

LisbonLaura

I've been taking note of what the resident MSE property bulls have been saying & I think I ought to buy back into Britain.
I'm not quite sure about the fundamentals at the moment but there must be something in what the bulls say, mustn't there? - Otherwise, why say it?
On another thread I've asked Hamish if he will help me in finding the right place so that I don't end up buying something that depreciates.
I want to be somewhere west of Gatwick for easy winter escape. Arundel, Chichester are favoured areas & nothing on an estate please. I've lived in the middle of a few acres for a decade now & I'm used to the tranquility.
I know there will be much to readjust too, like paying council tax, water, electric etc; paying for parking; putting my bin out on the right day; &? - but I'm sure I will cope.
This will be quite a wrench for me but I have to do it sometime.

pop_gun

bulls talk bullsh*t.

west of gatwick? how about reading, high wycombe or woking? all depends on your budget and the level of solitude you're looking for.

a recent poster got me thinking about northampton. 3 bed house for ... wait for it.. £120k. the house in question had obviously gone at that price.
but it wasn't alone in that price range.

http://www.rightmove.co.uk/property-for-sale/Northampton.html?minBedrooms=2&maxBedrooms=3&displayPropertyType=houses&oldDisplayPropertyType=houses&radius=3.0&index=770

at those prices, bears become bulls

Loughton_Monkey

LisbonLaura wrote: »

.....On another thread I've asked Hamish if he will help me in finding the right place so that I don't end up buying something that depreciates.
I want to be somewhere west of Gatwick for easy winter escape. This will be quite a wrench for me but I have to do it sometime.

Well that's brilliant. There is no better person you could ask about houses than Hamish. Houses never depreciate, so don't worry on that score.

I have double checked, and Aberdeen is definitely west of Gatwick. So no worries there. And you don't need to worry. Aberdeen is the perfect winter escape. It's winter there 12 months of the year. Well done.

Can understand the 'wrench' living anywhere near Hamish. But sometimes, in life, you have to do what you have to do.

I'm absolutely delighted for you. Good luck.

Cleaver

jpmorgue wrote: »

House prices are falling priced in ounces of silver at an alarming rate. They will continue to do so until a return to the long term norm of 500 ounces will be worth an average house.

You think that they are falling a lot against Silver? You should see how much houses are falling against Xcite Energy Shares.

In 2008 you'd have needed 6.1 million Xcite shares to buy a house. Now you only need 49,000. Houses have bascially fallen 99% in value when measured against Xcite shares. And I know most people measure the value of houses in Xcite shares. Amazing stuff. Shouldn't you have bought Xcite shares rather than silver?

And just whilst we're on the subject, hasn't silver fallen at an alarming rate in Xcite shares? Don't you find that a bit worrying? Your silver is falling in value and has been for three years now.

padington

Cleaver wrote: »

You think that they are falling a lot against Silver? You should see how much houses are falling against Xcite Energy Shares.

In 2008 you'd have needed 6.1 million Xcite shares to buy a house. Now you only need 49,000. Houses have bascially fallen 99% in value when measured against Xcite shares. And I know most people measure the value of houses in Xcite shares. Amazing stuff. Shouldn't you have bought Xcite shares rather than silver?

And just whilst we're on the subject, hasn't silver fallen at an alarming rate in Xcite shares? Don't you find that a bit worrying? Your silver is falling in value and has been for three years now.

The three month graph is looking pretty lame though isn't it.

http://www.lse.co.uk/SharePrice.asp?shareprice=XEL

StevieJ

jpmorgue wrote: »

House prices are falling priced in ounces of silver at an alarming rate. They will continue to do so until a return to the long term norm of 500 ounces will be worth an average house. I have been saying it will happen before 2020, but now it feels a lot closer.

Wait a minute, are you saying that the long term price of an average house is lower than the annual minimum wage? on your calculation i.e, (47*500)/1.63 = £14.5k. (currently).

LisbonLaura

Tongue-in-cheek wagging finger mode: Now look here Clever (& co), this is not helping me buy a country house in Sussex is it?! - The fact that I can buy a place for 3x less than it was in 2007 because of my fatal attraction to non-fiat money is not what this thread is about!!
I ask for advice about property in a particular area of the sceptered isle & off we go again into one of these silly irrelevant discussions. Kindly cease & find me a house that wont fall in value please!!

kabayiri

LisbonLaura wrote: »

Tongue-in-cheek wagging finger mode: Now look here Clever (& co), this is not helping me buy a country house in Sussex is it?! - The fact that I can buy a place for 3x less than it was in 2007 because of my fatal attraction to non-fiat money is not what this thread is about!!
I ask for advice about property in a particular area of the sceptered isle & off we go again into one of these silly irrelevant discussions. Kindly cease & find me a house that wont fall in value please!!

I think you know the real answer.

Go and have a look at some of the areas you think suit your needs, in terms of commute / schools / countryside etc.

Pointless asking people who live in Aberdeen or Manchester et al.

LisbonLaura

kabayiri wrote: »

Pointless asking people who live in Aberdeen or Manchester et al.

I'm not sure I agree. Hamish for one, has won me over to his point if view, which is why I have asked for his help. Some folk have the knack & it really doesn't matter where they live.

diable

I invest allmy drug dealing money into property investing the gains of people's misery into rental property making even more people miseranble, I am in London and only rent to Scottish people as I get a perverse pleasure out of it.............

Cleaver

padington wrote: »

The three month graph is looking pretty lame though isn't it.

http://www.lse.co.uk/SharePrice.asp?shareprice=XEL

Depends on what you know about the share really. We were due a reserves report at the end of March and then by Easter, both of which are deadlines missed by the company. And within the past three months we've also had the Japan earthquake, the Libya crisis and the sudden and unexpected annoucement that North Sea oil companies are going to be taxed (XEL isn't strictly affected by this at present, but they are a North Sea oil company). And what impact has this had on the share price over the past three months? It's remained pretty much static and is down around just 4%.

I'm not really worried about short term time-scale with this one though. I'll be in this share until the company goes in to production and I feel that this share will be over a tenner within a few years and paying a nice dividend.

Not sure why I'm telling you this, as I know you'll only be invested up to your b*llocks in silver and not really interested in anything else.

Anyway, you never answered my question. Three years ago you needed 341 XEL shares to buy an ounce of silver. Fast forward to today and you only need 8 XEL shares to buy an ounce of silver. So how do you feel about silver dropping in value by around 97% over a three year time frame? Must be a bit gutting to hold something that looses so much of its value over such a short timeframe. Obviously the real store of proper wealth is in XEL shares. That's the trouble with silver you see, it doesn't hold its value.